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I found the Ross Hook in the thread,which was written by a member,quite decent indicator.Yet,you never know if it was written good and have no bugs,etc.Besides,it also has numerous options and settings and quite complex to figure out.So far, i just figured a couple of things to get it into a strategy and it seems to be working as expected,and yet,would be great to hear from the developer.He is seems to be not that frequent here.
Are you referring to @Zondor as being the author of the Indicator you are using?
Posting Chart of 6BU6 2H chart of a Larger H&S, as well as the 1-2-3 Formation.
6BU6 made it just below the Resistance at the 1.35 Area.
Chart on left is 2Hour ......smaller chart to Right is part of Trading screen which shows very little of this move.
Print Screen included this smaller chart, and no time to edit like i wanted.
I did not label this chart with 1-2-3 Points, H&S labels, ABC labels.....the Measured move Target area, Price did get to that area.
Wanted to let you visualize your own labels,
posting the Divergence, and some support at the base of the Right shoulder. Breakout Good for about $1,000 per contract on the Sell Signal.
@taw131 ....does the Indicator delay the Signal/#3 point by a certain amount of bars before plotting the # ?
I am sure it is not calculating the area of the #3 point before hand...like with Fib level?
Normally,it doesn`t.I use it on COBC = true and it shows up instantly,on the bar[1].Of course youd need to play with the settings a bit.I also tweaked it a bit so the failed markers appear after the point #2 is breached,not when the point#1 is breached,as it was by default.